We wish to inform you that the Board of Directors in its meeting held Monday, August 14, 2023 at 04:00 p.m., inter-alia, approved the following: 1. The Board considered, approved and recommended a bonus issue of 1 (one) equity share for every 3 (three) equity shares held by the Shareholders of the Company as on the record date. 2. In view of the Issue of Bonus Shares, the Board of Directors have approved and recommended the increase in Authorised Share Capital of the Company to Rs. 55,00,00,000/- (Rupees Fifty Five Crores Only) divided into 5,50,00,000 (Five Crore Fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each 3. The Board of Directors of the Company, has considered and approved the proposal for divestment of its equity stake/investment, comprising of 9,000 equity shares of Omnistar Advertising Private Limited.Post the Proposed Transaction, Omnistar Advertising Private Limited will cease to be a subsidiary of the Company.